The time which we waste daily on Facebook and WhatsApp can use to try to have a passive income by just sitting at home online while studying. If we can do so, we don't have to ask for money from our parents for every little thing.
After being admitted to college, everyone's expense
increases. And then we feel hesitant to ask for money from our parents for
every little thing. So if we can earn at least our own pocket money, we can
stay tension-free.
So today, let's find out some solutions for this life
problem.
During college life, we have two resources: full- 1) time
and 2) energy. And the resource which we lack most is money. So I will talk
about only those ways of passive income which mainly required time and energy,
but the need for money is low or even doesn't need at all.
Idea 1: YouTube
For the students like me, the best way for passive income is
YouTube. No other platform is as simple and as big as this for generating
passive income. Because there is no strict rule that you must have to upload a
video daily, weekly or monthly and even there is no deadline. Whenever you get
free time, you can work as you like. So freedom is full. The next point is an
investment. Here, the required investment is also 0. As you are watching this
video, so we can consider that you have an android phone in which you have an
unlimited data plan. So you can easily make videos by just using this phone. It
will be better if you have a laptop or desktop. And also you can open a YouTube
account and AdSense account free of cost. So the required investment to start a
YouTube channel is totally 0. I also started with 0 investment. And once you
become popular on YouTube, then you will be able to earn not just pocket money
but also the total expenses of your family.
You just have to keep 2 things in your mind before starting
a YouTube channel.
1. The topic on which you are starting your channel must be
one of your favorite topics. So that you love what you do.
2. You are at least better than Normal people in that work.
Means you are interested in that work.
On YouTube, at the starting of a video, there are some
advertisements shown and YouTube shares a percentage of the money earned from
that advertisement with the video creator. And Google AdSense serves these ads. So after creating a YouTube account, you have to link that with an
AdSense account. You will get a step-by-step tutorial on this topic if you
search on YouTube.
Idea 2: Affiliate marketing
If you have a vast amount of friends or followers on social
media like FB page or Instagram account, then you will earn money
just by promoting a product by posting the affiliate link for that product on
your social media account.
Flipkart, Amazon, has an option called an affiliate program.
First, you have to join by creating an account in an affiliate program.
Obviously, this is absolutely free. Then you can generate an affiliate link of
any product and post it on your social media account. After that, you can
request your friends and followers that if they like that product, then they
can buy the product by following that link. If someone visits the website by
clicking on that link and within the next 24 hrs if he or she buys a product
from that website, even if they buy some other products, then also you will get
a commission on that because you have promoted the website by posting that link
on your social media account. But, in this case, first, you must have some
followers who trust you. And you have to build that trust first.
Idea 3: Freelancing
If you are an expert in any of these kinds of jobs, like typing, article writing, video editing, or logo designing, which can be delivered online to your customers. Then you can earn money by opening a free account on different freelancing websites like fiverr.com by providing that type of service. Here is how it works. Suppose you provide the service of logo designing.
So sometimes, if a company wants to design their own logo,
they may visit fiverr.com and search there. Now, if they like your profile,
they will place you an order to design a logo for them. If you agree to provide
the service within the deadline and submit it on that date, then they
will pay you the money through that website. Here, the least fee is 5 dollars.
Now the thing is, if you are working as a freelancer, then
there is no fixed surety of getting a new order within a fixed limited time.
Also, after getting an order, you will be given a deadline, and you have to
deliver your service before that. At first, it will require you a
lot of patience, because only after you will complete many successful orders
when your work record will look good, then you will get orders easily because
everyone wants to hire an experienced and expert freelancer. Most of them don't
prefer newcomers.
Idea 4: Photography
In this era of the internet, the demand for new photos is
increasing day by day. It may be for a website or article or presentation.
Earning money through photography has been increased exponentially. Because of
the increase in the demand for digital images in commercial use.
So if you love photography, and you have a good camera
(maybe a DSLR or your phone's camera) then you can earn money by clicking
wonderful photos. You can open a free account on different stock photography
websites like 500px.com or istockphoto.com, and you can sell your photos over
there.
Idea 5: Blog/ Website
This idea is at the last because this requires some
technical knowledge and with websites at first, you will also need
some money for investment. Although in this case, the amount you will earn is
much more than the amount earned by the other ways. If you face some
difficulties in making videos, then the best idea for you can be to start a
blog.
By opening a free account in google blogger, you can start
your own blog by writing about your favorite topics. Or if you have 2k or 3k
rupees for investment, then you can hire someone to build a website for you,
and then you can start posting on your website. The more the numbers of
visitors will increase, the more your blog or website will go upwards in search
ranking. And then by putting ads on your website or blog, you can earn money
while you are sleeping.
The key thing is to stop wasting time. Because getting
admitted to college means it is time to learn to take your own responsibilities
on your own.
So, in place of wasting time, use that doing
some creative work that is meaningful to you and also from which you get some
financial support. Because it is the best time to invest money and energy in
your dream career. If you simply waste this time out of nothing, then in the
future there will be no other option than regretting and blaming others.
Why passive income is so important is clearly made
understood by this quote, quoted by T. Harv Eker who is the author of the
best-selling book "secrets of the millionaire mind", he said
-"you become financially free only when your passive income exceeds your
expenses".
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